The report urges both taxpayers and reviewers to put their business hat on when dealing with CCAs Cost contribution arrangements (CCAs) have been treated with suspicion by both taxpayers and authorities. But an EU Joint Transfer Pricing Forum (JTPF) report seeks to help the two parties find common ground on services not creating intangible property. PwC's Isabel Verlinden, a member of the EU JTPF, says that the report's greatest merit is that it urges both taxpayers and reviewers to put their "business hat" on when dealing with CCAs.
An IT network to establish GST in India is expected by the end of the financial year, says a finance ministry official, but the tax industry is tired of missed deadlines and is not getting its hopes up.
The financial transaction tax (FTT) is set be introduced by 11 EU member states after they officially applied to the European Commission to proceed under enhanced cooperation.
UK publishers are concerned that Amazon is charging them 20% VAT on e-books even though the online retailer only has to pay 3% itself. But Amazon’s monopoly means digital publishers can do little to level the playing field without wider reform.
Starbucks has gone to great pains to boost its corporate social responsibility (CSR) credentials by trumpeting fair trade products and environmentally sustainable practices, but after a scandal over the amount of tax it pays in the UK sullied its reputation, other companies may look to avoid its mistake by placing tax at the heart of their CSR agendas.
EXCLUSIVE: In an interview with Salman Shaheen of International Tax Review, Nicholas Shaxson discusses how his investigation into US presidential candidate Mitt Romney’s tax affairs and his book Treasure Islands highlight what he sees as a grey zone between legal and illegal corporate tax avoidance.
